Betfair Exchange Trading Course


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Chapter 1

Betting exchanges have revolutionised the betting markets completely turning them on their head. Hundreds of millions of pounds a week is now matched on betting exchanges as more and more people discover exchanges and how to really use them. In this course you will have a unique opporunitity to talk to and learn from a leading user and expert on betting exchanges. Peter is an experianced and very large user of betting exchanges and recently demonstrated his ability by doubling a bank he was given in under three days!


It's important to understand that all the rule books about betting and gambling have been thrown out the window and a new order is in place. For people used to a conventional sports betting or financial market this can be confusing. Even if you have used exchanges for some time you may not be aware of what people are really doing on them and how as opposed to what you think people are doing.


Exchanges increasingly act more like a modern financial market rather than a traditional betting market and top users are using a variety of strategies and tactics to maximise the enormous potential this change in betting markets has brought.


The objective of this course is to take you from the basics right to the heart of the strategies and tactics that key players are using on the exchanges. We will show you examples of the good and the bad in order to demonstrate clearly the principles. You will see live sessions to show you exactly how the market works, what to look for and how to avoid mistakes.


Key points: -


* Full intensive one day course, lead by a leading expert on the exchanges.

* Key strategies, styles explained and demonstrated.

* Focused on strategies and concepts rather than software to ensure you have a comprehensive understanding.

* Over 160 pages of full course notes, illustrations, graphs and documentation provided.


* Morning session of theory followed by a live afternoon session.

* Special focus the big two markets, soccer and horse racing.

* An open session with continuous questions, answers and feedback

* The only course, that we are aware of, that has been attended by Betfair employees

* Free software & Spreadsheets provided


Learn interesting facts like: -


* If you traded at random how often would you have a winning trade?

* When is the best time to do book arbitrage on a horse race and how often will the orders fill without modification?

* When is the best time to be in the market?

* Which races and matches are good for trading?

* How to spot unusual market activity.


How often should I be winning?


* Take a look at and listen to the description of a real traders P&L; and results from specific events.




Find out about: -


Football matches and how to achieve a 'no lose' position. Using greening up to assure you win even before an event has started without even picking the winner, Backing, Laying, Trading, Arbitraging (On & Off exchange), Complex Arbitrage, Speculative backing or laying, Being a bookmaker, Dutching, Making a market on an event, In play betting & trading Pre-event betting & trading.


Topics Covered: -


The dynamics of betting exchanges, Money Management, Entry and exit points, How to identify when and how odds change, Finding the sweet spot in the market, Understanding how volume arrives and with what frequency, Understanding when and how volatile the market is and what to do about it, Financial bets, Football betting, Horse racing, Tournament trading, The right psychological approach & making mistakes and how to avoid them!


Focus: -


Our main focus on the day are horse racing markets and football markets. We will also touch on other markets if time permits. The markets we cover account for the majority of turnover on Betfair and our focus is here due to the amount of money available on these markets which is critical to your profitability. A lot of strategies do not rely on underlying knowledge of the sport and can be equally applied to any event. Each event though has its own style and method, which we will also discuss, so the tactics you learn can be applied elsewhere.


Who should attend:-


This course will most interest people who are new, or established users of exchanges. Established users can use the course to confirm if they are on the right track and new users can use the course to skip experimentation to get involved right away with key strategies.


We start the day with the basics but quickly move on to focus on specific markets and strategies that apply with in them. The course book acts as a useful reference point to follow through on the detail after the course is completed. The course is not aimed specifically at how to use any piece of software on the exchanges but it is targeted more at educating, filling out and cementing your understanding of how exchanges work and how to successfully use them.


The course is hosted by Peter Webb.


A keen statistician, he has been analysing games of chance and probability from a very young age. He brings much experience to the course thanks to his extensive research and analysis on Betting Exchanges and the underlying markets.


One of the first members of Betfair, Peter is a very established trainer, speaker and writer on this specialist subject. This is no doubt helped by the fact that he is also a very active and very large participant in these markets. Peter has appeared on the BBC and Bloomberg as well as regularly writing for national Lecture to university of Exeter maths societymagazines and is often in demand for public speaking engagements.


Peter comments...


"My objective is clear during any event, give the candidates the chance to learn from a professional and let them tap my extensive knowledge accrued over many years in order to get a short cut right to the heart of the matter. I want to give people the chance to ask questions and get answers to things that I always wanted answering many years ago. Each course is accompanied by a weighty course book which each attendee can use to follow through on specific points. Attendees can expect an enthusiastic and professional presenter who nearly always over runs!!!"

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